Edward Don & Company has just released its 2012 Fall Tabletop Advisor and they have an accompanying video. The video is a nice idea, except it's simply an ad (1 min 27 secs) that leads you to a sign-up form to get the PDF download copy of The Advisor.
Our recommendation....skip the video and go directly to the form. Here's the link to sign up:
According to GlobeSt.com, A unit of UBS AG has acquired the new headquarters and distribution facility of Edward Don & Co. UBS Asset Management has paid $27.1 million for the build-to-suit facility comprising 362,500 square feet of space in southwest suburban Woodridge.
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Edward Don & Company is the world's leading distributor of foodservice equipment and supplies. To learn more about Edward Don & Company, go here: http://www.don.com/
QSRweb.com is reporting that Auntie Anne's recently honored its leading national suppliers and supplier representatives for their service and dedication to the company. Recognized as one of a handful of Outstanding Suppliers was leading tabletop and equipment supplier Edward Don & Company from Chicago.
Edward Don & Company has supported the Auntie Anne's franchise system for more than 15 years, distributing equipment to Auntie Anne's more than 900 domestic stores. Owned and operated by the Don family since 1921, Edward Don & Company is the world's leading distributor of foodservice equipment and supplies.
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The Spring 2012 Tabletop Advisor is out from Edward Don and Company and it is impressive. The latest edition from the world's leading tabletop house has 116 pages of magical products...many of which TabletopJournal writes about on a daily basis.
Basics...and beyond: if you're looking to create or upgrade your tabletop, you will be inspired by what you see in the Edward Don Advisor.
To get your copy, go here and look in the lower right hand corner of the page for downloads: http://www.don.com/
Edward Don and Company’s move from their long-time home in North Riverside, Illinois to nearby Woodridge will be completed by fall, according to local reports. MySuburbanLife.com reports that the $4.5 million in state tax incentives helped insure that the company would remain in the state of Illionois.
Kelly Jakubek, communication manager for the Illinois Department of Commerce and Economic Opportunity, said while it’s true that the state will give Edward Don about $4.5 million worth of income tax credits over the 10 years, the company won’t receive the tax credit unless it meets its investment and jobs requirement set forth in the agreement.
“Regarding North Riverside, we are always concerned about the impact on the community that is losing any business,” Jakubek said in an email response to questions. “The state did not offer the EDGE tax credit to incentivize them to leave their current location and move to Woodridge. The company was leaving their current location and it was just a question of whether or not they would stay in (Illinois). We helped keep them from leaving the state altogether. Our goal is to help businesses remain and grow in Illinois.” Jakubek said Edward Don was thinking of leaving Illinois altogether.
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Work is already underway on the site of the supposed new location for Edward Don's headquarters.
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It's being reported that, indeed, Edward Don & Co. has signed a new lease to move to its headquarters to a new location in the suburb of Woodridge outside of Chicago. In Tuesday's Riverside-Brookfield Landmark newspaper, Kathleen Rush, the village administrator for Woodridge, said that Edward Don has signed a lease and has notified employees of a potential move. "I understand a lease has been signed, and they've announced to their employees that they're looking at us," said Rush.
Evidently, still contingent upon the village of Woodridge signing off on an incentive package, the deal for Edward Don to move from its home of 40 years looks to be much closer to happening now.
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Word out of the Chicago area is the Edward Don and Company is about to make a decision on whether to move its headquarters from its current location in Chicago suburb of North Riverside to the southwestern suburb of Woodridge. Edward Don and Company, the foodservice equipment and supplies distribution giant, has called its corporate headquarters at 2500 Harlem Ave home for over 40 years.
But its lease is due to expire at the end of 2012, and the land owner has the 19-acre property on the market. A pair of large "For Lease" signs went up at the corner of 25th Street and Harlem Avenue around the beginning of April.
Jerald Much, president of Lincolnwood Developers, which partnered with Monroe Investment Partners in August 2007 to buy the property, said earlier this year that the possibility of a deal with Edward Don "is not dead. But [are negotiations] active? They're shopping and they have been," said Much. Part of the reason Edward Don is shopping is that for the past 40 years, according to Much, the company has paid rent far below what is considered market value. The property was at one time owned by part of the Don family.
In 2007, that branch of the family, which did not have a stake in the company, put the property up for sale. While Edward Don and Company bid for the property, it was outbid by Much's partnership, which bought the property for $14.75 million.
According to information found on LoopNet.com, a commercial real estate services website, the property owners are looking to charge $4.35 per square foot for rent. Much says that Edward Don pays far below that figure.
"Their rent is very, very below market," Much said. "They're paying half of what the normal rent should be."
According to local newspaper The Riverside-Brookeville Landmark, there are other issues with the 309,000-square-foot warehouse/office building. The building needs a new roof, which is going to be a significant expense and one Edward Don would have to take on, according to Much.
The company reportedly has inquired about what the village can do to help it with that expense, but North Riverside wants a commitment from the company that it will stay put long-term.
The village has granted the company money in the past. In 2007, North Riverside handed Edward Don a $150,000 grant to expand parking at the site. In exchange the village got an agreement from Edward Don that the company wouldn't move prior to the end of 2012, when its lease expired.
Crain’s Business Chicago has recently said the company would move into a new 362,000-square-foot building at the northeast intersection of interstates 355 and 55. It would be built to Edward Don’s requirements, with 55,000 square feet of office space, Crain’s has learned.
In 1921, the Don family formed a janitorial supply company in Chicago. Since then, the company has grown from a small family business to the world's leading distributor of foodservice equipment and supplies.Today, under the leadership of the Don family, Edward Don & Company serves over 70,000 customers throughout the world and employs over 1200 hard-working people.
Family-owned Edward Don and Company, had $552 million in revenue last year, making it the 61st-largest privately held company in the Chicago area, according to a Crain’s list published in April. The company has about 500 local employees, the list said. FES Magazine lists Don at the top of its 2011 Distribution Giants for the foodservice equipment and supplies sector.
The village of Woodridge has financial incentives in the works for the company, the mayor says, declining to provide details. If Edward Don signs a lease, plans could start going through the village governmental process as soon as next month, he says.
Edward Don also could decide to stay in its current building with its lease there expiring at the end of 2012. Edward Don has an offer to extend its lease at the building for five years, according to an article posted late Tuesday might on the website of the Riverside-Brookfield Landmark newspaper. North Riverside’s village administrator told the suburb’s finance committee last week that the company wanted to decide in three or four weeks whether to take the offer, the newspaper reported.